Russia denies India’s commitment to the Western mechanism to set a ceiling on the price of Russian oil.

Paraphrased: Russia refutes the claim that India has pledged to comply with the Western approach of establishing a limit on the cost of Russian petroleum.

On Thursday, Russia denied that India had agreed to the Western mechanism of setting a cap on the price of Russian oil.

The Russian ambassador in New Delhi stated that India is opposed to any mechanism that would limit oil prices.

According to Denis Alyapov, the information indicating India’s compliance with the Western mechanism for price ceilings on Russian oil is unreliable.

Allybov commented on Bloomberg’s report about India’s refraining from violating the ceiling of Russian oil prices during an interview with Soloviev Live channel.

He stated that this type of misinformation is frequently circulated and that Bloomberg’s publications are not the first on this topic.

I can say that in the case of India, it is not participating in this price ceiling mechanism on Russian oil and has repeatedly expressed its doubts about the effectiveness of this mechanism in general, according to Alepov.

According to Reuters, as reported by The Wall Street Journal, sources familiar with the matter say that the G7 group of countries wants to keep the price ceiling for Russian crude oil at $60 per barrel.

The report added that the European Commission warned member states of the bloc about the stance of the G7, and stated that US President Biden informed European Commission President Ursula von der Leyen last week of Washington’s lack of desire to revise sanctions imposed on Russian oil.